SINGAPORE (Sept 29): CIMB is initiating Aspen Group Holdings, the Penang-based property developer, with an “add” rating and a target price of 29 Singaporean cents.
In a Thursday report, analyst Lock Mun Yee says, “Aspen’s key value proposition is its niche in the value-added affordable mass residential market in Penang.”
The group also has a strategic relationship with Ikano as the joint owner of the Bandar Cassia Shopping Centre and joint master developer for...(click on link for full story on theedgesingapore.com)